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FDI policy regarding Special Economic Zones (SEZs)

Syllabus subtopic: Effects of Liberalization on the Economy, Changes in Industrial Policy and their Effects on Industrial Growth. Prelims and Mains focus: above the move and its significance; about SEZs News: Goods procured from units in special economic zones (SEZ) by single brand retailers, owned by foreign companies, would qualify for meeting the mandatory 30% local sourcing norms, the government said in a clarification. Background The statement came

27 February, 2020 Industry

NRIs permitted to own 100% stake in Air India

Syllabus subtopic: Effects of Liberalization on the Economy, Changes in Industrial Policy and their Effects on Industrial Growth. Prelims and Mains focus: about the move to privatize Air India and its significance; about Air India News: The Union cabinet approved a proposal to let non-resident Indians (NRIs) own up to a 100% stake in Air India Ltd as the government attempts to make a success of its second attempt to completely privatize the debt-laden airline.

05 March, 2020 Industry

Industrial revolution 4.0

Industrial revolution 4.0 Part of: GS Prelims and GS-III- Economy (PT-MAINS-PT) Technology forms the subtext of human development. History is loaded with instances of technology serving as catalyst in the grand narrative of human development. From basic necessities like food, air, water, clothing and shelter, to structural requirements like security technology has played a tremendous role in every field of human growth and survival. Invention of the transistor: Around the year 19

12 April, 2020 Industry

Rural Industries – MSME ACT – MGNREGA

Rural Industries – MSME ACT – MGNREGA Part of: GS-III- Energy/Industries (PT-MAINS-PERSONALITY TEST) Rural industrial activities can be divided into the following three categories: small-scale cottage activities, medium-scale village enterprises, and large-scale rural industries. This classification can be carried out on the basis of the following criteria: Location; ownership; labour source and organization; complexity of technology used; scale of producti

16 April, 2020 Industry

Khadi and Village Industries Commission (KVIC)

Context: When the country was struggling hard with deadly Corona virus, Khadi and Village Industries Commission (KVIC), an autonomous body under Ministry of MSME, in collaboration with its Khadi Institutions (KIs) in Tamil Nadu has discharged its responsibility once again by purchasing cocoons from cocoon farmers. The main objectives of KVIC was to help the cocoon farmers struggling to sell their crop due to lock down pandemic outbreak and secondly to ensure continuous supply of Cocoons

24 April, 2020 Industry

NDMA ISSUES guidelines for restarting industries post lockdown

NDMA ISSUES guidelines for restarting industries post lockdown Part of: GS-III- Economy (PT-MAINS-PERSONALITY TEST) In its guidelines, NDMA said state governments will ensure that off- site diaster management plan of the respective major Accidental Hazard units are up to date and preparedness to implement them is high. Important points All the responsible officers of the district will ensure that the industrial on- Site Disaster Management Plans are also in place and cover Standa

11 May, 2020 Industry

CHAMPIONS portal - MSME

CHAMPIONS portal Introduction In a major initiative Union Ministry of MSME has launched CHAMPIONS portal. About CHAMPIONS portal CHAMPIONS portal is a Technology driven Control Room-Cum-Management Information System. The system utilising modern ICT tools is aimed at assisting Indian MSMEs march into big league as National and Global CHAMPIONS. The CHAMPIONS stands here for Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength

13 May, 2020 Industry

IEM (Industrial Entrepreneur Memorandum)

IEM (Industrial Entrepreneur Memorandum) Context Applications for IEM/IL under I(D&R) Act, 1951 are currently accepted through the IEM portal at https://services.dipp.gov.in. Through this portal, applications for acknowledgement of IEM – Part A (for establishment of business) and IEM – Part B (upon commencement of commercial production) are filed online by entrepreneurs of prescribed industrial undertakings. (1) What is an IEM (Industrial Entrepreneur Memorandum)

05 June, 2020 Industry

Limited Liability Partnership

Limited Liability Partnership About: What is it? LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. Hence LLP is called a hybrid between a company and a partnership. Legislation in India All limited liability partnership is governed under the limited liability partnership act of 2008. The Corporate Affairs Ministry implements the Act. LLP vs Traditional partnership firm: Under &

05 June, 2020 Industry

Federation of Indian Chambers of Commerce and Industry (FICCI)

Federation of Indian Chambers of Commerce and Industry (FICCI) Context With a view to achieve atmanirbharata in the Coal sector, the Ministry of Coal in association with FICCI is launching the process for auction of 41 coal mines under the provisions of CM (SP) Act and MMDR Act. This auction process marks the beginning of opening of Indian coal sector for commercial mining. It will enable the country achieve self-sufficiency in meeting its energy needs and boost industrial development. The

18 June, 2020 Industry

National Productivity Day

National Productivity Day The National Productivity Council is observed 12th February as National Productivity Day, and till 18th February National Productivity Week. "Industry 4.0 Leapfrog Opportunity for India” is the theme of the National Productivity Week -2018. Industry 4.0 is characterized by the increasing digitization and interconnection of products, value chains and business models. National Productivity Council (NPC) NPC is a mission oriented apex, autonomous a

17 June, 2020 Industry

Core’s contraction: On slowing economy

Core’s contraction: On slowing economy Context # Output in the eight core industries suffered an overall contraction for a third straight month in May, shrinking 23.4%, as the pandemic-induced lockdown kept large parts of the economy shuttered, the Commerce Ministry’s provisional figures show. Core Sector Data # Of the eight, all but one posted declines in production compared with a year earlier, with six sectors witnessing double-digit drops. # Except fert

03 July, 2020 Industry

For a different yardstick: on 'Doing Business' report

For a different yardstick: on 'Doing Business' report Context: The article examines the need to revamp the World Bank’s ‘Doing Business’ survey to make it more comprehensive. The World Bank has decided to halt its annual ‘Doing Business’ report on data authenticity issues. ‘Doing Business’ index: The doing business index estimates the cost to business from regulations. Erratic procedures and delays hamper business in India a

15 September, 2020 Industry

Exploiting the Chinese exit

Exploiting the Chinese exit Context: The article analyzes the economic opportunities which have opened up for India post the Chinese app ban in India. The Chinese app ban in India: The government in September 2020 banned 118 applications — a majority being Chinese, on grounds of national security and sovereignty threat posed by these apps. In June 2020, the government had banned 59 Applications on similar grounds. India has additionally blocked Chinese companies fro

14 September, 2020 Industry

Needed, a policy framework in step with technology

Needed, a policy framework in step with technology Context As technology has evolved in the latter part of the 20th century and the early part of the 21st century, the traditional boundaries between goods and services have blurred. By virtue of Moore’s law, computing capabilities have surged faster than capabilities in traditional industries. These information-based technologies have been widely adopted across a broad range of industries and products that traditionally have

17 November, 2020 Industry

Core Industries, IIP and Annual Survey of India

Core Industries, IIP and Annual Survey of India What is in the news? Output from India’s eight core sectors hit a three-month low in November, contracting 2.6% in the festive month with coal, fertilizers and electricity the only sectors to record positive growth on a year-on-year basis, suggesting the economy is still not out of the woods. The good news is that the Index of Eight Core Industries was revised upwards for both August and October, based on updated data inputs re

01 January, 2021 Industry

Procurement Schemes in India: Government e-Marketplace

Procurement Schemes in India: Government e-Marketplace The Finance Ministry has drafted a model tender document for public procurement by all central government departments, in a bid to standardise the language and clauses included, and avoid contractual disputes. Public procurement refers to the purchase of goods and services by the public sector or the government, accounting for an average 15% of GDP globally. In India, government procurement is estimated to constitute about 30% of GDP

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